RCS&RDS buys music channel
August 12, 2013 09.52 Europe/London By Chris Dziadul
Digi TVRomania’s RCS&RDS has acquired a 50% stake in the folk music channel Hora TV for an undisclosed fee.
According to local reports, the stake was formerly held by a company named Profimusic, with Vasile Coca and Viorelia Coca owning 45% and 5% respectively.
Hora TV was launched in 2008 and is currently distributed by all cable operators in Romania.
It made a net profit of €5,000 on a turnover of around €50,000 last year.
RCS&RDS is the leading cable and DTH operator in Romania and employs the brand name Digi.
Its assets include a growing portfolio of TV channels, and with the latest acquisition this now consists of 11 national, one regional and five local services.